ECON 32201 - Intermediate Macroeconomic Theory

Analysis of causes of long-run economic growth and short-run business cycles. Study of different macroeconomic models, consumption, investment, government spending, net exports, money supply, and money demand. Examination of fiscal and monetary policy and U.S. economic relations with the rest of the world.

Preparation for Course
P: ECON 20201 with grade of C- or better.
Sophomore or higher class standing.

Cr. 3.
Student Learning Outcomes
1. Explain the core concepts in macroeconomics, including national income accounting, unemployment, and inflation.
2. Analyze the determinants of long-term economic performance with a focus on economic growth theories and evidence.
3. Evaluate the nature of business cycles and the policy tools available to stabilize cyclical fluctuations.
4. Assess how macroeconomic policies affect unemployment, inflation, and economic growth in both the short and long run.
5. Apply the IS-LM model to weigh the costs and benefits of alternative monetary and fiscal policy options.
6. Examine the interaction between the bond market and the loanable funds market and its implications for interest rates.
7. Interpret the term structure of interest rates and its significance for monetary policy, investment, and economic forecasting.